Transparency Update: Administration Legally Required to Release Quarterly Stimulus Report Hasnít Done so Since June of 2011
by Doug Powers
Paging Sheriff Biden!
The Obama administration is required by law to submit a report every quarter through September of 2013 detailing the spending and job creation -- or lack thereof -- of the American Recovery and Reinvestment Act of 2009 (aka "stimulus" aka "seriously?").
According to Jeffrey Anderson at The Weekly Standard, the White House hasnít released one of those legally required "quarterly" reports in over a year and a half:
"Have you heard much about President Obamaís $787,000,000,000 economic 'stimulus'(now estimated to cost $831,000,000,000) lately? In its last report, published in 2011, the presidentís own Council of Economic Advisors released an estimate showing that, for every $317,000 in 'stimulus' spending that had by then gone out the door, only one job had been created or saved. Even in Washington, thatís not considered good bang for the buck.
Moreover, that was the fifth consecutive 'stimulus' report that showed this number getting progressively worse.
Alas, that was the last report weíve seen. Never mind that Section 1513 of the 'stimulus' legislation, which Obama spearheaded and signed into law, requires the executive branch to submit a new report every three months."
Under their own guidelines, the administration should have released 14 of these reports by now, but theyíve only submitted eight (8) of them for public review. Maybe the person whose job was created under the stimulus in order to distribute the "jobs saved or created by the stimulus" reports got laid off.
Itís possible President Obama and his team might have been distracted by all that skeet shooting at Camp David to focus on silly quarterly reports.
Additionally, Obamaís "Jobs Council" remains as clearly focused as Mr. MaGoo in a heavy fog, because that group hasnít held an official meeting in over a year.